NEW ORLEANS--(BUSINESS WIRE)--
ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until May 7, 2019 to file lead plaintiff applications in a securities class action lawsuit against Conduent, Inc. (CNDT). Investor losses must relate to purchases of the Company’s shares between February 21, 2018 and November 6, 2018. This action is pending in the United States District Court for the District of New Jersey.
Conduent investors should visit us at https://www.claimsfiler.com/cases/view-conduent-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
On November 7, 2018, the Company disclosed negative Q3 and Q4 projected operating results due to “continued suboptimal performance from an inherited legacy technology vendor…stem[ming] from the vendor’s inability to deliver on service level agreements, lack of responsiveness to Conduent’s needs, and poorly structured contract which we inherited” Further, an “outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted clients and delivery performance.”
On this news, the price of Conduent’s shares plummeted.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.